Question

Your Uncle Tran still wants to give you some money, but because you are so. young he doesn't want to give it to you at once, which of course you want. he will give you a single payment at the end of 12 years. he will invest the money for you at 8% per year compounded annually. he will put away three separate payments (amounts) over the 12 years as follows: 10000 at the end of year 3, 15000 at the end of year 12, 25000 at the end of year 12. how much will uncle tran give you for these three promised payments he invested for you at the end of year 12? (In other words, what is the future value of these 3 amounts?) Rounded to 2 decimal places.

Answer 1

the future value of these three amount is $59,999.05

Step-by-step explanation:

The computation of the future value of these three amount is as follows:

Future value is

= $10,000 × (1+0.08)^9 + $15,000 + $25,000

= $10,000 × 1.999005 + $15,000 + $25,000

= $59,990.05

Hence, the future value of these three amount is $59,999.05

The same is to be considered so that the correct value could come